Sunday, June 26, 2022

Selling Buzz: Great Ajax Corp. [AJX] 10% Owner Magnetar Financial LLC sells 200,000 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Great Ajax Corp. shares valued at $4,896,074 were sold by Magnetar Financial LLC on Jun 17. At $24.48 per share, Magnetar Financial LLC sold 200,000 shares. The insider’s holdings dropped to 111,383 shares worth approximately $1.06 million following the completion of this transaction.

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As published in a research note from Compass Point on May 18, 2022, Great Ajax Corp. [AJX] has been rated up from a Neutral to a Buy and the price target has been revised to $16. This represents a 40.38% premium over Wednesday’s closing price. Analysts at Compass Point downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of November 08, 2017, Compass Point has increased its “Neutral” rating to a “Buy” for AJX. Earlier on September 29, 2017, Compass Point initiated its rating. Their recommendation was “a Neutral” for AJX stock.

Analyzing AJX’s Price Performance

On Wednesday, Great Ajax Corp. [NYSE: AJX] rose 1.06% to $9.54. The stock’s lowest price that day was $9.26, but it reached a high of $9.61 in the same session. During the last five days, there has been a drop of approximately -3.34%. Over the course of the year, Great Ajax Corp. shares have dropped approximately -26.96%. Shares of the company reached a 52-week high of $13.65 on 01/04/22 and a 52-week low of $8.68 on 05/13/22. A 50-day SMA is recorded $9.86, while a 200-day SMA reached $12.13. Nevertheless, trading volume fell to 0.22 million shares from 0.2 million shares the previous day.

Support And Resistance Levels for Great Ajax Corp. (AJX)

According to the 24-hour chart, there is a support level at 9.33, which, if violated, would cause prices to drop to 9.12. In the upper region, resistance lies at 9.68. The next price resistance is at 9.82. RSI (Relative Strength Index) is 43.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 74.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

In terms of Great Ajax Corp. share price expectations, FactSet research, analysts set an average price target of $15.30 in the next 12 months, up nearly 69.49% from the previous closing price of $9.44. Analysts anticipate Great Ajax Corp. stock to reach $18.00 by 2022, with the lowest price target being $12.00. In spite of this, 5 analysts ranked Great Ajax Corp. stock as a Buy at the end of 2022. On November 22, 2016, Raymond James assigned a price target of “an Outperform” to the stock and initiated coverage with a $16.

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